Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Demand is what the consumer can and is willing to buy at a given price over a given time period. Analyzing demand is a complicated process that takes into account many variables. Economists and ...

In economics, a demand curve represents the relationship between the quantity of a product demanded and its price. It is almost always downward-sloping, as more people are willing to buy the product ...